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Commercial Strategy & Advisory

Across the built-asset lifecycle

Our Commercial Strategy and Strategic Advisory team, formerly known as Pragma, brings together consumer insight, financial analysis and market intelligence to guide decisions from the initial land appraisal of highest and best use through to asset optimisation and disposition.

Working across masterplans, airports, hospitality, mixed-use, retail, and workplace, we craft strategies for both new developments and the repositioning of existing assets. Whether engaged as a standalone advisory partner or working alongside design and delivery teams, we ensure each project is underpinned by commercial logic, user-behaviour insight and market performance.

With three decades of project intelligence spanning 50+ countries, our clients - investors, developers, and operators - trust our insights to deliver spaces that are economically sound, socially responsive, and operationally resilient.

Consumer Intelligence & Market Analysis

Market and behavioural insight that shapes commercial strategy 

We provide consumer research, market analysis and competitive intelligence to reveal how people, from passengers and guests to employees and tenants, interact with space, place and brand. Our segmentation models draw on behaviour patterns observed from emerging Asian cities to mature European destinations, offering a deep understanding of how human activity generates value. 

Through catchment and demographic studies, competitor benchmarking, demand analysis and footfall analytics, we identify market drivers, user trends and revenue potential. This intelligence forms the evidence base for development appraisal, feasibility assessments and strategic positioning, ensuring that investment and design decisions are informed by sound market insight. 

01 Consumer Intelligence Market Analysis
02 Commercial Strategy and Positioning

Commercial Strategy & Positioning

Defining what to build, how much and for whom

Building on this intelligence, we shape development strategies that determine the most viable and valuable outcomes for each project, defining scale, use and target audience with precision. 

Our expertise spans brand and operator selection, tenant and use-mix frameworks, workplace strategy, tourism and passenger demand planning, and phasing strategies aligned with market absorption and delivery readiness. By aligning commercial logic with project feasibility, we create strategies that are enduring, actionable and risk-mitigated, supporting confident decision making from initial appraisal to asset realisation. 

Commercial Space Planning

Spatial strategy informed by commercial intelligence 

We bring a commercial lens to the planning, performance and operation of space, ensuring that design and investment decisions are aligned with long-term asset value. Across aviation, transport, hospitality, mixed-use and retail destinations, we advise on strategies that optimise function, efficiency and user experience. 

By bridging development strategy, asset management and design intelligence, we help create environments that remain commercially and operationally resilient through every stage of development and operation. 

03 Commercial Space Planning
04 Financial Modelling and Business Case Assessment

Financial Modelling & Business Case Assessment

Financial analysis founded on real-world project intelligence 

We translate commercial strategy into financial models and business-case assessments for both new developments and asset repositioning. Our models are benchmarked against actual performance data from comparable assets we have advised, providing grounded projections for investment decisions, lending support and operational planning. 

Acquisition Advisory & Portfolio Strategy

Commercial assessment for acquisition, repositioning and disposition 

We support investors with commercial due diligence and portfolio strategy advisory from acquisition, disposition or adaptive reuse. Drawing on valuation experience across sectors and typologies, we identify repositioning opportunities that unlock value and reduce asset lifecycle risk. 

Our strategic analysis provides the foundation for confident investment decisions, asset optimisation and value realisation, from development-to-disposition. 

05 Acquisition Advisory Portfolio Strategy